Huntsman Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION PLANS (Tables)

STOCK-BASED COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2016

STOCK-BASED COMPENSATION PLANS

Compensation cost from continuing operations under the Stock Incentive Plan

The compensation cost from continuing operations under the Stock Incentive Plan for our Company and Huntsman International were as follows (dollars in millions):

		Three months ended March 31,
		2016			2015
Huntsman Corporation compensation cost		$	8		$	9
Huntsman International compensation cost			7			8

Assumptions used to calculate fair value of each stock option award estimated on the date of grant using the Black-Scholes valuation model

		Three months ended March 31,
		2016			2015
Dividend yield			5.6	%		2.2	%
Expected volatility			57.9	%		58.0	%
Risk-free interest rate			1.4	%		1.4	%
Expected life of stock options granted during the period			5.9 years			5.9 years

Summary of stock option activity under the Stock Incentive Plan

Option Awards		Shares			Weighted Average Exercise Price			Weighted Average Remaining Contractual Term			Aggregate Intrinsic Value
		(in thousands)						(years)			(in millions)
Outstanding at January 1, 2016			9,544		$	15.51
Granted			2,940			8.86
Exercised			—			—
Forfeited			(931	)		20.29

Outstanding at March 31, 2016			11,553			13.43			6.2		$	33


Exercisable at March 31, 2016			7,558			14.07			4.5			20

Summary of status of nonvested shares under the Stock Incentive Plan

		Equity Awards						Liability Awards
		Shares			Weighted Average Grant-Date Fair Value			Shares			Weighted Average Grant-Date Fair Value
		(in thousands)						(in thousands)
Nonvested at January 1, 2016			1,854		$	19.97			475		$	21.37
Granted			1,871			9.23			693			8.86
Vested			(652	)(1)		19.86			(229	)		20.65
Forfeited			(3	)		22.25			(13	)		18.95

Nonvested at March 31, 2016			3,070			13.44			926			12.22


(1)	As of March 31, 2016, a total of 454,900 restricted stock units were vested but not yet issued, of which 60,948 vested during the three months ended March 31, 2016. These shares have not been reflected as vested shares in this table because, in accordance with the restricted stock unit agreements, shares of common stock are not issued for vested restricted stock units until termination of employment.